Atlantica Sustainable Infrastructure (NASDAQ:AY) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of Atlantica Sustainable Infrastructure (NASDAQ:AY) in a report published on Monday morning. The firm issued a sell rating on the utilities provider’s stock.

Atlantica Sustainable Infrastructure Price Performance

Shares of NASDAQ:AY opened at $21.99 on Monday. Atlantica Sustainable Infrastructure has a twelve month low of $16.82 and a twelve month high of $23.47. The company has a current ratio of 1.25, a quick ratio of 1.20 and a debt-to-equity ratio of 3.36. The company has a market cap of $2.55 billion, a PE ratio of 75.83, a price-to-earnings-growth ratio of 2.14 and a beta of 1.00. The company’s 50 day moving average is $22.03 and its 200 day moving average is $22.02.

Atlantica Sustainable Infrastructure Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Friday, November 29th were given a $0.2225 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $0.89 dividend on an annualized basis and a dividend yield of 4.05%. Atlantica Sustainable Infrastructure’s dividend payout ratio (DPR) is currently 306.91%.

Institutional Trading of Atlantica Sustainable Infrastructure

Institutional investors have recently bought and sold shares of the business. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Atlantica Sustainable Infrastructure in the second quarter valued at about $30,000. Public Employees Retirement System of Ohio purchased a new stake in Atlantica Sustainable Infrastructure during the 3rd quarter worth approximately $44,000. Private Trust Co. NA raised its holdings in shares of Atlantica Sustainable Infrastructure by 362.1% during the third quarter. Private Trust Co. NA now owns 2,546 shares of the utilities provider’s stock valued at $56,000 after acquiring an additional 1,995 shares during the last quarter. Headlands Technologies LLC raised its holdings in shares of Atlantica Sustainable Infrastructure by 499.4% during the second quarter. Headlands Technologies LLC now owns 4,094 shares of the utilities provider’s stock valued at $90,000 after acquiring an additional 3,411 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its position in shares of Atlantica Sustainable Infrastructure by 433.5% in the third quarter. BNP Paribas Financial Markets now owns 7,463 shares of the utilities provider’s stock valued at $164,000 after acquiring an additional 6,064 shares in the last quarter. 40.53% of the stock is owned by institutional investors and hedge funds.

About Atlantica Sustainable Infrastructure

Atlantica Sustainable Infrastructure plc owns, manages, and invests in renewable energy, storage, natural gas and heat, electric transmission lines, and water assets in North America, South America, Europe, the Middle East, and Africa. The company was formerly known as Atlantica Yield plc and changed its name to Atlantica Sustainable Infrastructure plc in May 2020.